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IFFO data show total fishmeal and fish oil production in January 2021 exceeded January 2020, with better raw material availability in Peru, Chile, Northern Europe and Africa. US output fell due to weaker Alaska landings.
China demand for seafood and aquafeed is expected to pick up in mid-March.
Stronger Peruvian and Chilean landings increase fishmeal supply, which is bearish for prices, while expected Chinese aquafeed demand recovery supports them.
aquaasiapac.comMar 30, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
